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For me this is off by default and I have to opt-in.
Same here. And I haven't touched my linkedin settings in a very long while.
This is also opt-in for me - flagging as inaccurate.
For me it was not -- I had to opt out. I'm not sure why there is inconsistency, but there are definitely some people who were opted in without asking.
It is less bad because it is opt out (and the submission says 'can use', not 'will'); I won't say it's best. From the summary of the changes:

Section 2.K. Advertising and Endorsements on LinkedIn: We added this section to explain that LinkedIn may use you profile picture and name in social advertising shown to your network on LinkedIn. We also explain that social advertising will contain information from you and your connections’ interaction with the LinkedIn site (such as when you recommend a product or service on a company page, follow a company, etc.). We also point you to the Setting where you can control the use of your profile information in LinkedIn’s social advertising.

http://www.linkedin.com/static?key=pop%2Fpop_privacy_policy_...

Coincidentally, I deleted my LinkedIn account yesterday. Why do I need yet another social network?
Mine was on by default, I had to opt out. But I also used it as an opportunity to cancel my LinkedIn account.

I'm upset that they don't allow you to turn off all emails, only some of them. I get spammed daily by them with no way to stop it.

LinkedIn is built off of spam from your friends and LinkedIn itself.

No more for me.

I really like LinkedIn, I've used on both sides of the hiring table, and from a social aspect it's stuff I'm interested in about my social connections.

Consequently, while this move concerns me (and I've opted myself out and removed a lot of other "default" settings and "apps") I still find LinkedIn useful enough to keep my account around.